GET REAL: Being Cheap Won't Make You A Millionaire

It happens every time: Just when you think you'll be able to
scrape by this month, another tire goes flat or Roofus gets
sick—again.

You're not alone. In fact, more than 75% of Americans live
paycheck to paycheck according to
The Money Conspiracy.

But if you think pinching a few pennies here and there will
drastically secure your financial future, think again.

Hank Coleman tells us in his Budgets Are Sexy
post, consumers will likely waste their money on something
else if they, say, cut back on their cable bills:

I found out when I dropped my cable package a few months ago that
I got incredible bored sitting at home, reading books, and simply
watching old DVDs. I was saving a fortune initially, but then I
started to go out to the movie theater to see more movies or
buying new releases on DVD. Taking my two children to the movies
with me quickly racked up to $40 a trip to the local movie
theater if you include tickets, popcorn, and drinks. And, the
movie theater wasn’t the only suck on my wallet.

Cutting back on your monthly expenses only solves the situation
temporarily. It won't offer any solutions for the root of your
problems.

Instead, you should probably pick up more hours at work or take
on another job, Coleman suggests.

The blogger mentions Robert Pagliarini's book The Other 8 Hours, which points out that most
millionaires in America are self-made and achieved their success
by producing an income for themselves, whether by
writing a book, inventing a software, or starting a business.

In fact, approximately 80% of millionaires in America are the
first-generation kind, according to
Money-zine. Most are immigrants who came to America with
little to no cash, proving that hard work and/or clocking a
couple extra hours at work will pay off more in the long run.